News Archive

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Billionaire hedge-fund manager John Paulson posted losses in his main strategies in September as stock and corporate bond markets fell. The $22 billion New York-based firm’s Advantage fund, which makes bets on companies undergoing corporate change, such as spinoffs and bankruptcies, slumped 8 percent last month, bringing yearly losses to 13 percent.

San Francisco officials tabled a proposal to move up to 15 percent of the city's $20 billion pension portfolio into hedge funds. The move came a day after International Business Times reported that the consultants advising the city on whether to invest in hedge funds currently operate a hedge fund based in the Cayman Islands.

Hedge funds that bet on broad macroeconomic trends have bled money all year waiting for their investment ideas to hit. Some of their biggest wagers—from rising interest rates to a stronger U.S. dollar to more volatile markets—finally paid off in September, helping reverse an otherwise miserable 2014.

Managed futures funds posted the best average return of any hedge fund strategy in the third quarter of 2013, reversing a trend of underperformance, according to data from eVestment. Funds using this strategy—which primarily involves trading in derivatives contracts—posted an average return of 3.5% during July to September, one of only two strategies to have recorded positive performance.

Hedge funds have been reluctant to use the federal JOBS Act to advertise their firms through standard print and broadcast spots, but they are using the new regulations to launch or revamp their websites, and give themselves a better brand presence online, a new survey finds.

Golden China Fund, the best-performing hedge fund investing in the nation over 10 years, exceeded $1 billion in assets for the first time with bets on financial, real estate and technology stocks. The fund has returned 14.5 percent net of fees through the end of August, according to a newsletter published last month.

The Hedge Fund Association, an international not-for-profit trade organization, is concerned about U.S. regulators changing the definition of “accredited investor" and have published an open letter to the SEC voicing those concerns.

Aurora Investment Management, a Chicago-based alternative investment manager, has entered into a strategic relationship with Sentinel Dome Partners in which Aurora has provided early stage capital to funds managed by San Francisco-based Sentinel Dome.

Relational Investors LLC, one of the oldest and most successful activist-investment firms, plans to wind down, a move that could force it to unload its $6 billion of investments in companies from Hess Corp. to Oreo maker Mondelez International Inc.

Candlewood Investment Group LP, the $3 billion hedge-fund firm run by Michael Lau, plans to start a fund to profit from Puerto Rico’s debt market, as the commonwealth and its agencies struggle with $73 billion of obligations.